IBIT approaches $100B in AUM as BlackRock’s most profitable ETF

BlackRock’s iShares Bitcoin Trust ETF (IBIT) has approached $100 billion in assets under management, making it the firm’s most profitable ETF despite its launch just 435 days ago. Bloomberg senior ETF analyst Eric Balchunas noted on Oct. 6 that IBIT now generates more revenue for BlackRock than funds that have been operating for decades. The […]